• Vertiv Holdings average gross margin for 2023 was 32.54%, a 16.05% increase from 2022.
• Vertiv Holdings average gross margin for 2022 was 28.04%, a 13.56% increase from 2021.
• Vertiv Holdings average gross margin for 2021 was 32.44%, a 2.55% decline from 2020.

Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.